The European Central Bank's (ECB) 4% policy rate has to be held sufficiently long, ECB Chief Economist Phillip Lane said on Friday and reiterated that
Lane noted that the Euro area economy this year will be "fairly muted" and added that there are a lot of reasons for the economy to stagnate this year. These comments don't seem to be having a significant impact on the Euro's performance against its major rivals. As of writing, theInformation on these pages contains forward-looking statements that involve risks and uncertainties.
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